The Repayment Estimator estimates your federal student loan payments under each repayment plan so you can make an informed decision regarding your first repayment plan. If you don't actively choose a different repayment plan, your loan servicer will place you on the Standard repayment plan.

If you have already been repaying your federal student loan(s) and want to explore the Standard, Graduated, or Extended repayment plans, we recommend contacting your loan servicer to explore the best repayment option for you. You can still use the Repayment Estimator to help you estimate your monthly payments, but the payment estimates will be less accurate the longer you've been in repayment.

If you have already been repaying your federal student loan(s) and are exploring the IBR, Pay As You Earn, or ICR repayment plans, the Repayment Estimator will still help you estimate your monthly payments, but the Total Interest Paid and Total Amount Paid will be less accurate.

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To use the Repayment Estimator, log-in using your Federal Student Aid PIN.
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There are currently no outstanding loans in your account.

You may add loan information manually by selecting an average loan balance below, or by adding individual loans using the "Add Loan(s)" button.

We used the National Student Loan Data System (NSLDS) to retrieve your current loan data. There is a limit to the amount of loan data that we can display, and your loan information exceeds that limit. You will need to use the "Add Loan(s)" option to manually add your federal student loans that are not automatically populated.

To access information on your federal student loans that are not automatically populated for you, check the National Student Loan Data System at www.nslds.ed.gov.

You must either add loans manually or use average loan balances. Loans that have been added manually may be edited or deleted once added.

Add Your Spouse's Loan(s)

The loan balance displayed is based on the information we received from the National Student Loan Data System (NSLDS®).
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The interest rate displayed is the weighted average of all the interest rates on your loans. A weighted average interest rate takes into account the amount of each loan that factors into the weighted average to make the calculations more accurate. For example, the interest rate on a $10,000 loan will impact the weighted average more heavily than will the interest rate of a $5,000 loan.

If your spouse has eligible Federal Student Loans, this information may influence your payments under the Income Driven Repayment plans. If you select 'Married Filing Jointly' from the drop down menu, you will be presented with the option to add your spouse's loans manually.
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Your spouse's eligible federal student loans (if any) or income may be taken into account when determining your eligibility for income-driven repayment plans and your payment amount under the income-driven repayment plans if:

you file a joint federal income tax return with your spouse; or

you and your spouse have a joint Direct Consolidation or FFEL Consolidation Loan; or

you and your spouse have Direct Loans and both of you want to repay those loans under the ICR Plan.

If any of these apply, add your spouse's loan(s) (if any) and interest rate(s) here and enter your combined adjusted gross income (AGI) for Your Income.

The payment estimates below will include your spouse's income and loans (if any) for purposes of determining payment estimates for your loans only. To obtain payment estimates for your spouse's loan(s), your spouse may sign-in and/or use this tool to estimate payments for his/her loans separately.

Your Income

Your Income

Adjusted Gross Income is an individual (or couple's) total taxable income minus specific reductions. You can find your Adjusted Gross Income on your most recently filed IRS Form 1040, 1040A, or 1040EZ, or by requesting a tax return transcript online at http://www.irs.gov/Individuals/Get-Transcript
Adjusted Gross Income is an individual (or couple's) total taxable income minus specific reductions. You can find your Adjusted Gross Income on your most recently filed IRS Form 1040, 1040A, or 1040EZ, or by requesting a tax return transcript online at http://www.irs.gov/Individuals/Get-Transcript

Family size includes you, your spouse, and your children (including unborn children who will be born during the year for which you certify your family size), if the children will receive more than half their support from you. It includes other people only if they live with you now, they receive more than half their support from you now, and they will continue to receive this support from you for the year that you certify your family size. Support includes: money, gifts, loans, housing, food, clothes, car, medical and dental care, and payment of college costs. For the purposes of these repayment plans, your family size may be different from the number of exemptions you claim on your federal income tax return.

Your Estimated Payments

Your Estimated Payments

When we estimate your payments for each repayment plan, we include only the loans that are eligible for that repayment plan. If some of your loans are not eligible for a repayment plan, the estimate for that repayment plan will not reflect the total amount that you will repay on all of your federal student loans.

Contact your loan servicer to further discuss which plan is right for you.

When we estimate your payments for each repayment plan, we include only the loans that are eligible for that repayment plan. You can check which loans are eligible for which repayment plans by expanding the loan categories in "Your Loans" above.

If you have consolidation loan(s), as well as other federal student loans that are not consolidation loan(s), we do not include the consolidation loan balance(s) in the Standard and Graduated repayment estimates in the main table. Instead, we display consolidation loan(s) in a separate table below.

If some of your loans are not eligible for a repayment plan, the estimate for that repayment will not reflect the total amount that you will repay on all of your federal student loans. For example, if you have FFEL Program Loans and Direct Loans, and are interested in the Extended Repayment Plan, but only your Direct Loans are eligible for the Extended Repayment Plan, then the estimated payments for the Extended Repayment Plan will only be based on your Direct Loans, and will not include your FFEL Program Loans. Therefore, the estimated payments for the Extended Repayment Plan will not be the total amount that you have to repay each month for all of your federal student loans.

Monthly payment amounts presented here are estimates only and are based on several assumptions that may not apply to you. To discuss actual monthly payment amounts, contact your loan servicer.

Repayment Period - We assume that you have just entered repayment and estimate your payments assuming that you still have the full repayment period to repay your loans. For example, for the Extended Repayment Plan, we calculate your payments under this plan using the full 25-year repayment period, even if your actual remaining repayment period is less than 25 years.
We also assume that you will pay continuously throughout the repayment period with no breaks for deferment or forbearance.

Discretionary Income - We assume that your income will grow 5% each year, that your family size will remain the same during the life of the loan, and that the poverty guidelines will increase based on the Congressional Budget Office's estimation of inflation.

Variable Interest Rates - For loans with variable interest rates, we assume that the current interest rate will not change over the course of your repayment period.

Consolidation Loans - We assume that Direct and FFEL Consolidation Loans do not contain any underlying loans made to parents, which are ineligible for the IBR and Pay As You Earn plans.

Under the Standard and Graduated repayment plans, consolidation loans have repayment periods that range from 10 to 30 years, depending on your total education loan indebtedness. For example, if your total education loan indebtedness exceeds $60,000, your repayment period will be 30 years (360 months).

Standard and Graduated Repayment for Your Consolidation Loans

In the table below, we provide separate repayment estimates for consolidation loans under the Standard and Graduated repayment plans to help you understand that the repayment period ranges from 10 to 30 years, depending on your total education loan indebtedness. For example, if your total education loan indebtedness exceeds $60,000, your repayment period will be 30 years (360 months).

For more information about repayment plans for consolidation loans, contact your loan servicer.

Federal Family Education Loan (FFEL) Program loans consolidated with Direct Loans are eligible for repayment under the Pay As You Earn and ICR plans. Loan consolidation information is available at StudentAid.gov.
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Federal Family Education Loan (FFEL) Program loans consolidated with Direct Loans are eligible for repayment under the Pay As You Earn and ICR plans. Loan consolidation information is available at StudentAid.gov.

Projected Loan Forgiveness shows the outstanding balance of principal and interest at the end of the repayment period. Any outstanding principal and interest is forgiven at the end of the repayment period, and this forgiven balance is treated as taxable income by the Internal Revenue Service.
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Total interest paid shows the amount in interest payments you will make during the life of the loan under each repayment plan. Paying interest on your loans while in school or during other periods you aren't required to make payments can reduce your overall cost of repayment.
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